|
Tax
cuts designed to make Ohio more competitive
economically are driving a very conservative
spending plan currently under construction
in our state legislature
State
officials have been busy preparing a two-year budget
plan for months. This work is currently centered in
the Ohio Senate. In March, Governor Ted Strickland
recommended a remarkable budget plan. As an incoming
Governor switching the executive branch to the
opposite party, his plan would "stay the
course" of major tax reforms initiated about
two years ago by the previous governor, and then
played another "trump card" by
recommending even leaner spending than the previous
governor's "lowest growth budget in 40
years."
While this
approach appealed to majority members in both the
Ohio House and Senate, it would normally have drawn
fire from the minority party members. But, because
the new governor is in the
"honeymoon" stage, and is of the same
party as the minority legislative members,
"support our new governor" became the
stronger dynamic, producing a rare 97-0 approval of
the House version on May 1, 2007.
Currently
the Ohio Senate is constructing revisions to the
House-passed version. This process is
scheduled to conclude with a committee
recommendation on Tuesday, June 12 and full Senate
action on Wednesday, June 13,
followed by a couple of long weeks in conference
committee to iron out a final budget version. The
new budget needs to be in place by July 1, 2007 to
be on time.
|